Kathleen GA Single Family Home Report - May 2018 Edition

Anita Clark's picture

The real estate market in Kathleen GA looked like it was about to really heat up, but with limited inventory for buyers and investors to peruse, it quickly cooled back off. Currently, there are only 3 months worth of properties to pick from for interested consumers.

Top real estate agents in Kathleen GA are doing their very best to show consumers every available home to help their clients find the right property for their needs. The good news for sellers is that immediately after new inventory hits the market, many of these houses are getting multiple views and often a quick offer. You can bet, if the home is still available, it will be shown!

So, what happened in the Kathleen real estate market last month? This market analysis discusses the current status and what the short-term outlook for this home market looks like.

Kathleen GA Real Estate Market Report - May 2018 Edition

Active Kathleen GA Homes For Sale

As of this article, there are a total of 95 homes for sale in Kathleen GA. The highest priced listing in this market is currently available at $629,000 and the lowest is only $44,900. Square footage of available properties ranges from 975 feet up to 5,659. Choose wisely, but choose quick, or you may miss out!

Consumers who want a fixer-upper property may have to wait a bit longer to find what they seek. Currently, there are only 2 distressed houses available in the Kathleen real estate market. Fortunately for sellers, there has not been an increase in foreclosure/short sale homes in the past quarter so the effect on appraisals and future sales prices is minimal right now.

The highest priced home for sale in Kathleen is a home located at 212 Fieldfare Drive. Available for $629,000, this 5.4K+ square foot home has 5 bedrooms, 6 bathrooms, and a host of amenities worth checking out.

Sale Pending Kathleen Single Family Homes

Currently, there are 40 Kathleen homes that are pending sale. This is a huge improvement over the previous month (23). Of these 40 properties, only 1 is distressed. Buyers are out looking so make it easy for them by getting your beautiful home listed, seen, and sold!

With conditions in their favor at the moment, sellers would be wise to make sure their home is ready for showings, updated as necessary, and priced according to the current market conditions. Rest assured, homes that are not in good shape will sit on this market.

Kathleen GA Single Family Homes Sold

There was a total of 30 home sales in Kathleen GA last month. This represents the fourth highest number of monthly sales in the past year (the monthly average this past year is 28 closings). The average sale price for these homes was $224K+ and they took an average of 28 days to sell! The 12-month average for both of these categories is $227K+ and 57 days on the market.

The average days on the market was decent this past month and is a good reminder that homeowners must make sure to market price their home if they want consumers to take serious interest in the property. The sales price to list price ratio this past month was 99.50%. The 12-month average is 98.79%.

As a comparison, during this same time-frame last year, there were 29 closings, an average sales price of $215K+, and it took those homes 55 days to sell on average. The sales price to list price ratio was 99.64%.

The most expensive sale in Kathleen real estate last month sold for $339K+. The lowest priced sale was $122K. In addition, none of the sales this past month were distressed homes.

What Can Kathleen GA Residents Expect Regarding Real Estate In The Coming Months?

You can expect a lot of competition when you are ready to make an offer on a Kathleen GA home right now. This could mean a bidding war if you are not ready to write an offer as soon as you decide the property is the home you want. Just remember, any delay could cost you the home as plenty of other buyers are also out looking!

The amount of inventory and low pending sales will be worth monitoring for the next few months to determine if this is a trend or just an anomaly. Time will tell if a host of fresh inventory hits the market and if buyers continue to find homes to their liking in the Kathleen real estate market.

A Kathleen GA Real Estate Agent You Can Trust

This Kathleen GA real estate market report was provided by Anita Clark. Anita is a licensed residential real estate agent in Kathleen GA. She works at Coldwell Banker SSK, Realtors.

Check out the latest details and find the right market for your needs!

You can find Anita on numerous social media networks or via her Kathleen GA Real Estate Blog. She is an active online marketer who loves helping residential real estate consumers in Houston County GA.

**The information provided in this real estate market analysis was generated via the Central Georgia Multiple Listing Service (CGMLS) at the time/date this market report was published. All information is deemed accurate, but not guaranteed.**

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